Boeing Stock (NYSE:BA) Notches Up as United Launch Alliance CEO Departs

Aerospace stock Boeing (BA) has suffered a lot of reversals in its space aspirations over the last year or so. The Starliner debacle was just that, and now, with signs that Boeing craft will not take humans into space in 2026, things just continue to get worse. But the CEO of the United Launch Alliance, a joint project between Boeing and Lockheed Martin (LMT), recently fell on his sword and resigned. The news was oddly welcome to Boeing investors, who gave Boeing a fractional boost in Monday afternoon's trading.Claim 50% Off TipRanks Premium and Invest with Confidence Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential The United Launch Alliance's chief executive, Tory Bruno, has held that position for the last 12 years, reports note. But apparently, someone made him a better offer somewhere else, because he was stepping down from the position to take a new opportunity. While no one said just where that opportunity was, or what it was, it was apparently enough to pry him out of the slot he'd been in for the last decade and then some. There was no indication he was planning to leave, and industry followers were blindsided by the whole thing, reports noted. Bruno offered little in the way of comment himself, noting via social media, "Thank you for the opportunity to lead this amazing team. They have put ULA in a great position to do important things for our customers and Nation." New Flight Data Deal Boeing also has a new supplier of flight data in Flightradar24, who recently set up an agreement to provide Boeing with flight data services. Flightradar24 controls over 55,000 ADS-B receivers, reports note, and Boeing will soon have access to that data under the agreement. Boeing Global Services' senior director of digital services Crystal Remfert noted, "This data service is one element of Boeing's continued innovation and build-out of a robust digital services platform centered around improving fleet performance and maintenance outcomes for our customers. Flightradar24 data complements our existing advanced analytics capabilities and will help us deliver deeper insights and more value to customers." Is Boeing a Good Stock to Buy Right Now? Turning to Wall Street, analysts have a Strong Buy consensus rating on BA stock based on 13 Buys, two Holds and one Sell assigned in the past three months, as indicated by the graphic below. After a 20.48% rally in its share price over the past year, the average BA price target of $249.92 per share implies 15.46% upside potential.